Hochschild Mining Plc 54.8% potential upside indicated by Berenberg Bank

Hochschild Mining Plc with ticker (LON:HOC) now has a potential upside of 54.8% according to Berenberg Bank.



Berenberg Bank set a target price of 130 GBX for the company, which when compared to the Hochschild Mining Plc share price of 84 GBX at opening today (20/10/2023) indicates a potential upside of 54.8%. Trading has ranged between 50 (52 week low) and 96 (52 week high) with an average of 766,737 shares exchanging hands daily. The market capitalisation at the time of writing is £444,120,092.

Hochschild Mining PLC is a United Kingdom-based underground precious metals company. The Company is primarily focused on the exploration, mining, processing and sale of silver and gold in the Americas. It operates three underground epithermal deposits, two of which are located in the southwest of Peru in its Southern Peru cluster and one in the southern Argentinian province of Santa Cruz. Its Inmaculada mine is approximately 20,000 hectares gold and silver underground mine, which consists of 40 mining concessions and is located in the Ayacucho Department in southern Peru. Its San Jose mine is a gold-silver underground mine located in Argentina, in the Santa Cruz province, approximately 1,750 kilometers southwest of Buenos Aires. The property covers a total area of approximately 50,491 hectares and is 20 kms north of Newmont’s Cerro Negro mine. The Company owns 51% in San Jose mine. The Pallancata mine is a silver/gold mine located in southern Peru, in which the Company owns 100%.